28,385 Bank of New York Mellon Corporation $BNY Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,441,257 shares of the bank’s stock after selling 28,385 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Bank of New York Mellon were worth $208,449,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Luken Investment Analytics LLC purchased a new position in shares of Bank of New York Mellon during the 2nd quarter worth about $27,000. Balance Wealth Partners LLC purchased a new stake in Bank of New York Mellon during the 3rd quarter worth $28,000. Burnham & Co LLC acquired a new stake in Bank of New York Mellon in the 2nd quarter valued at $29,000. EFG International AG acquired a new stake in Bank of New York Mellon in the 2nd quarter valued at $29,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Bank of New York Mellon in the second quarter valued at about $32,000. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Robin A. Vince sold 40,620 shares of the firm’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $147.81, for a total value of $6,004,042.20. Following the completion of the transaction, the chief executive officer directly owned 585,174 shares of the company’s stock, valued at $86,494,568.94. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jose Minaya sold 3,520 shares of the stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $147.81, for a total value of $520,291.20. Following the transaction, the vice president owned 173,304 shares of the company’s stock, valued at $25,616,064.24. This represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 60,560 shares of company stock valued at $9,007,119. Company insiders own 0.17% of the company’s stock.

Bank of New York Mellon News Roundup

Here are the key news stories impacting Bank of New York Mellon this week:

• Positive Sentiment: JPMorgan raised its price target for BNY from $161.00 to $166.50 and maintained an “overweight” rating. The new target implies approximately 13.2% upside from the referenced share price, potentially supporting investor confidence.
• Positive Sentiment: BNY’s latest quarterly results exceeded expectations: earnings per share reached $2.37 versus the $2.26 consensus estimate, while revenue increased 11.7% year over year to $5.68 billion. Analysts expect approximately $9.39 in full-year EPS.
• Positive Sentiment: The company’s expanded collaboration with Ripple in digital-asset custody and tokenized trade finance could create longer-term growth opportunities in institutional custody and transaction services. BNY and Ripple collaboration article
• Neutral Sentiment: BNY trades below the broader analyst consensus target of $164.62, with one Strong Buy, seven Buy and six Hold ratings. However, valuation commentary suggests the shares are close to fair value after a substantial 268% run, limiting the potential for further multiple expansion. BNY valuation analysis
• Neutral Sentiment: Institutional ownership remains high at approximately 85%, and several funds recently increased their positions. This provides a supportive ownership backdrop, though it is not necessarily a new catalyst for the shares.
• Negative Sentiment: CEO Robin Vince sold shares in multiple transactions, including 9,380 shares valued at approximately $1.39 million; reports also cite combined sales of 50,000 shares worth about $7.39 million over October 26–27. Vice President Jose Minaya separately sold 3,520 shares worth approximately $520,000. Although these transactions may be routine or scheduled, the reduction in insider holdings could weigh on sentiment. BNY insider selling report

Bank of New York Mellon Stock Down 0.1%

Shares of Bank of New York Mellon stock opened at $147.02 on Monday. Bank of New York Mellon Corporation has a 1 year low of $105.42 and a 1 year high of $165.84. The company has a market cap of $99.75 billion, a P/E ratio of 16.25, a P/E/G ratio of 0.98 and a beta of 1.06. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $151.57 and a 200 day moving average price of $139.28.

Bank of New York Mellon (NYSE:BNY) last released its quarterly earnings data on Thursday, October 15th. The bank reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.11. The firm had revenue of $5.68 billion for the quarter. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. The company’s revenue was up 11.7% on a year-over-year basis. As a group, analysts expect that Bank of New York Mellon Corporation will post 9.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BNY has been the subject of a number of recent research reports. Erste Group Bank initiated coverage on Bank of New York Mellon in a research note on Wednesday, July 15th. They issued a “buy” rating for the company. Wells Fargo & Company boosted their price target on Bank of New York Mellon from $152.00 to $162.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Weiss Ratings downgraded Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research note on Thursday, August 13th. TD Cowen began coverage on shares of Bank of New York Mellon in a research report on Thursday, October 8th. They issued a “hold” rating and a $160.00 price objective on the stock. Finally, New Street Research set a $182.00 price target on Bank of New York Mellon in a research report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.04.

Bank of New York Mellon Profile

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.